Disclosure details -

The Securities Commission Malaysia

Year 1993Regulated by Government

The Securities Commission Malaysia (SC) was established on 1 March 1993 under the Securities Commission Act 1993 (SCA). We are a self-funded statutory body entrusted with the responsibility to regulate and develop the Malaysian capital market. Our mission is "to promote and maintain fair, efficient, secure and transparent securities and derivatives markets; and facilitate the orderly development of an innovative and competitive capital market".

Disclose broker

Danger Unauthorized

Torque Marks

Disclosure summary

Disclosure matching Website matching
Disclosure time 2020-01-01
Reason for punishment Operating a recognized market without authorisation from the SC. Carrying out of the unlicensed capital market activities of dealing in derivatives and securities.

Disclosure details

INVESTOR ALERT LIST

"This section contains the list of unauthorised websites, investment products, companies and individuals. This list includes: Persons carrying on or hold himself out as carrying on the following regulated activities without a licence from the SC: Dealing in securities; Dealing in derivatives;Fund management; Advising on corporate finance; Investment advice; Financial planning; and Dealing in private retirement schemes. Persons operating a recognised market without authorisation. Persons issuing or offering securities without approval, authorisation or recognition. Persons misusing SC’s logo and misrepresenting the SC. " Torque Market Limited / Torque Trader N/A https://torquemarkets.com, https://www.torquetrader.net/ 2020 • Operating a recognized market without authorisation from the SC • Carrying out of the unlicensed capital market activities of dealing in derivatives and securities • Misrepresentation, misusing SC’s name and logo

Annex

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Sanction

2023-09-20

Interactive Brokers pays $832,500 penalty for ‘negligent’ and ‘reckless’ conduct